The Dar es Salaam Stock Market (DSE) posted an impressive performance during the trading session last week posting a total market turnover of 3.74bn/- being a 121.37% rise as compared to 1.69bn/- recorded the preceding week.
This upswing can be attributed to increased trading activity in NMB, TICL, and CRDB counters.
Available data from the DSE however shows tat the total market capitalization experienced a slight decline of 0.15% to 14,.49bn/- while the domestic market capitalization also dropped marginally by 0.03% to 11.40bn/- during the five day trading session last week.
Notable gainers for the week were TICL, MBP, CRDB, and NICO, with their share prices increasing by 5.56%, 5.17%, 1.1%, and 1.08% to 190/-, 305/-, 460/-, and 470/-, respectively.
On the flip side, the overall losers for the week were DSE and NMB, that experienced share price declines of 4.4% and 1.30% to 1740/- and 4,560/-, respectively.
Regarding market participation, Tanzanians continued to dominate, with foreigners contributing 0.04% and 2.88% in sales and purchases, respectively, resulting in a net inflow of 106.43m/-.
Meanwhile, the bond market also saw a rise in turnover, increasing by 40% to 57.91bn/- compared to last week’s turnover of 41.46bn/- .
Notably, the 15, 20, and 25-year bonds dominated the market, with NMB being the sole corporate bond traded.
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